Atlas Capital Advisors LLC lessened its position in shares of SunTrust Banks, Inc. (NYSE:STI) by 69.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,386 shares of the financial services provider’s stock after selling 12,261 shares during the quarter. Atlas Capital Advisors LLC’s holdings in SunTrust Banks were worth $272,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in STI. Capital International Investors acquired a new position in shares of SunTrust Banks during the 3rd quarter worth $441,578,000. Vanguard Group Inc raised its stake in shares of SunTrust Banks by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 36,403,676 shares of the financial services provider’s stock worth $2,431,401,000 after buying an additional 793,283 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SunTrust Banks by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 36,403,676 shares of the financial services provider’s stock worth $2,431,401,000 after buying an additional 793,283 shares during the last quarter. Bridgeway Capital Management Inc. acquired a new position in shares of SunTrust Banks during the 3rd quarter worth $28,406,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of SunTrust Banks by 11.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,153,537 shares of the financial services provider’s stock worth $210,626,000 after buying an additional 324,612 shares during the last quarter. 82.51% of the stock is owned by institutional investors and hedge funds.
Get SunTrust Banks alerts:Several research analysts have recently issued reports on the company. ValuEngine downgraded SunTrust Banks from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird downgraded SunTrust Banks from an “outperform” rating to a “neutral” rating and set a $61.90 price target for the company. in a research note on Monday. Wedbush lifted their price target on SunTrust Banks from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $61.00 price target on shares of SunTrust Banks in a research note on Sunday, January 20th. Finally, Jefferies Financial Group downgraded SunTrust Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. SunTrust Banks presently has an average rating of “Hold” and an average target price of $72.45.
SunTrust Banks stock opened at $59.42 on Friday. The stock has a market cap of $26.98 billion, a P/E ratio of 10.42, a P/E/G ratio of 1.26 and a beta of 1.39. SunTrust Banks, Inc. has a 52 week low of $46.05 and a 52 week high of $75.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.94.
SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. SunTrust Banks had a return on equity of 12.40% and a net margin of 26.61%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. As a group, sell-side analysts forecast that SunTrust Banks, Inc. will post 5.86 earnings per share for the current year.
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SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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